Shinden Hightex Corporation (TSE:3131) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 4.92% of its share capital, for ¥220 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment, as well as to enhance shareholder returns.

The program will expire on February 28, 2023. As of August 22, 2022, the company had 2,033,570 shares in issue (excluding treasury stock) and 76,630 shares in treasury.